NZD has been under pressure after the Federal Reserve suggestion regarding staying aside.
The support rests at 0.72780 with resistance at 0.73310 which both lines are above the weekly pivot point at 0.72640. The EMA of 10 is moving with bearish bias in the ascendant channel but it is above the EMA of 100 and 200. The RSI is rising towards the 50 level, the MACD indicator is in neutral territory and the Stochastic is showing upward momentum. The ADX is not showing any clear signals. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend.
The resistance level breakout will push the price up towards 0.75 area; otherwise it will drop to 0.72.

nzdusd analysis